Global Energy Efficient Low Horsepower AC Motors Market by Type (Synchronous, Asynchronous), By Application (Consumer, Industrial, Refrigeration, Medica) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The global Energy Efficient Low Horsepower AC Motors Market is forecast to grow from USD 4.29 billion in 2018 to USD 7.67 billion by 2028, at a CAGR of 6.0% during the forecast period (2019-2028). The market is driven primarily by increasing demand for energy-efficient motors, which saves up on electricity bills and reduces greenhouse gas emissions.
Energy Efficient Low Horsepower AC Motors are motors that generate power by converting electrical energy into mechanical energy. They operate on alternating current (AC) and typically do not exceed 75 horsepower to 150 horsepower. These types of low-horse-powered devices are popular with people who have a need for light-duty work in small spaces such as, refrigerators, freezers, and air conditioners.
On the basis of type, the global energy efficient low horsepower AC motors market is segmented into synchronous and asynchronous motors.
Synchronous Motors
A synchronous motor is an electric machine that has a stationary stator and rotating rotor. The field of the poles on the stator, which rotates with respect to the earth's magnetic field, creates forces in both directions along its axis by induction. It may be classified as a universal asynchronous servo-motor or linear actuator.
The stator of the rotor consists of a stationary yoke with slots for insertion of conducting teeth that serve as an electrical conductor when supplied current flows in the same direction as the magnetic field so they rotate but do not produce a torque on themselves; and one or more laminated poles on the outer rim of its circumference, which serve to create torque on the rotor.
The stator's yoke and an air gap in between it and the poles provide a magnetic path for current supplied by a brushless DC electric motor controller that is mounted outside the machine casing. The direction of movement depends on whether voltage leads or lags the magnetic field.
The torque produced by the rotor is proportional to the number of poles and can be varied with any combination of two out-of-phase currents or fluxes supplied to segments on opposite sides of a single pole.
Asynchronous motors
Asynchronous motors are usually used singly where variable speed drives to control motor speed as needed for different loads. In round-robin or constant torque load control, the motor is always driven at a much-reduced power level. This reduces losses and can increase the performance of other equipment in the plant.
Asynchronous motors are also used for electric vehicles such as forklifts, golf carts, and battery cars where variable speed drive would be too costly or not needed.
Essentially, any use where variable speed control is unnecessary and high starting torque is important, such as in applications that require a constant load level (constant pressure on the clutch plate), are intermittent duty cycle (windings have to be wound up before operation begins) or need start-up power only once in a while, is a potential use of an asynchronous motor.
On the basis of application, the global energy efficient low horsepower AC motors market is segmented into industrial, consumer, and refrigeration.
Industrial
Energy-efficient low horsepower AC motors are used in various industrial applications such as refrigeration, manufacturing, and food processing. They can be found across many industries from pharmaceuticals to semiconductors with a wide range of capacities that make them suitable for different types of processes or equipment. The units generally offer high efficiency (ranging between 60% and 95%) and reliability, which makes them preferable.
Consumer
AC motors are used in numerous types of consumer products. In refrigerators and freezers, they convert electrical energy to mechanical power, which turns the compressor's motor shaft and helps regulate the temperature inside the appliance. Similarly, AC motors can be found in dishwashers where they help operate components like pumps that control water or detergent levels during a cycle. They are also found in clothes washers where they work with the drum and motor to spin water out of clothing, as well as many other appliances like mixers, blenders, or even vacuum cleaners where their strong magnetic field helps create a current within an electric conductor inside the appliance.
Refrigeration
The energy-efficient low horsepower AC motors used in refrigeration offer a number of benefits. One such benefit is that they are known to operate at reduced temperatures, which have been found to increase the life and performance of appliances by up to 50%. Moreover, these motors can also be customized for specific requirements as each one is designed according to customer specifications. The advancements in technology have also enabled the development of AC motors that are much quieter than conventional ones.
On the basis of region, the global energy efficient low horsepower AC motors market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America: the region is expected to be a market leader in terms of revenue and growth rate. The increase in demand for low horsepower motors due to stringent environmental policies (e.g., Energy Star) along with increasing adoption by foodservice equipment companies, led by new technologies, drive the demand for AC motors over DC motor counterparts in this region.
Europe: the European energy efficient low horsepower AC motors market accounted for 38% share in 2015 owing to a large industrial base coupled with an increasing number of refrigeration applications that require lower power consumption levels.
Asia Pacific: countries such as India are witnessing significant economic development coupled with high population density boost up their potentials. This factor leads APAC's dominance in this particular segment that accounted for 48% of the total market share in 2015.
Middle East & Africa: this region is witnessing significant growth due to high population density with huge potential. The MEA energy efficient low horsepower AC motors market accounted for a 17% share in 2015, driven by increasing industrialization and implementation of power efficiency norms (e.g., Energy Star) across emerging economies such as Saudi Arabia, Egypt, and UAE.
Growth Factors
- Growing need to comply with international standards like Ecolabel and ENERGY STAR.
-compliance with international standards, growing environmental awareness among consumers.
- Some of the key drivers for this market are rising demand for energy-efficient motors, stringent government regulations, and directives on energy conservation in the industrial sector which is leading to a reduction in power consumption by AC Motors. These products have been used extensively across various industries such as consumer, retail, automotive, etc., due to their effectiveness when it comes to reduced operation cost coupled with high-efficiency ratings that meet current requirements.
Up Market Research published a new report titled “Energy Efficient Low Horsepower AC Motors Market research report which is segmented by Types (Synchronous, Asynchronous), By Applications (Consumer, Industrial, Refrigeration, Medica), By Players/Companies Regal Beloit, ABB, Siemens, Crompton Greaves, iTouchless, Honeywell International, Power Efficiency Corporation, Bosch Rexroth, General Electric, Simplehuman, WEG”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Energy Efficient Low Horsepower AC Motors Market Research Report |
By Type | Synchronous, Asynchronous |
By Application | Consumer, Industrial, Refrigeration, Medica |
By Companies | Regal Beloit, ABB, Siemens, Crompton Greaves, iTouchless, Honeywell International, Power Efficiency Corporation, Bosch Rexroth, General Electric, Simplehuman, WEG |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 216 |
Number of Tables & Figures | 152 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Energy Efficient Low Horsepower AC Motors Market Report Segments:
The market is segmented by Type Synchronous, Asynchronous and By Application Consumer, Industrial, Refrigeration, Medica.
Some of the companies that are profiled in this report are:
- Regal Beloit
- ABB
- Siemens
- Crompton Greaves
- iTouchless
- Honeywell International
- Power Efficiency Corporation
- Bosch Rexroth
- General Electric
- Simplehuman
- WEG
Energy Efficient Low Horsepower AC Motors Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Energy Efficient Low Horsepower AC Motors Market
Overview of the regional outlook of the Energy Efficient Low Horsepower AC Motors Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Energy Efficient Low Horsepower AC Motors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Energy Efficient Low Horsepower AC Motors Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Synchronous
2. Asynchronous
7. By Application:1. Consumer
2. Industrial
3. Refrigeration
4. Medica
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Energy Efficient Low Horsepower AC Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Energy Efficient Low Horsepower AC Motors Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Energy Efficient Low Horsepower AC Motors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Energy Efficient Low Horsepower AC Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Energy Efficient Low Horsepower AC Motors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Energy Efficient Low Horsepower AC Motors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Energy Efficient Low Horsepower AC Motors Market Size & Forecast, 2018-2028
4.5.1 Energy Efficient Low Horsepower AC Motors Market Size and Y-o-Y Growth
4.5.2 Energy Efficient Low Horsepower AC Motors Market Absolute $ Opportunity
Chapter 5 Global Energy Efficient Low Horsepower AC Motors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Energy Efficient Low Horsepower AC Motors Market Size Forecast by Type
5.2.1 Synchronous
5.2.2 Asynchronous
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Energy Efficient Low Horsepower AC Motors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Energy Efficient Low Horsepower AC Motors Market Size Forecast by Applications
6.2.1 Consumer
6.2.2 Industrial
6.2.3 Refrigeration
6.2.4 Medica
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Energy Efficient Low Horsepower AC Motors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Energy Efficient Low Horsepower AC Motors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Energy Efficient Low Horsepower AC Motors Analysis and Forecast
9.1 Introduction
9.2 North America Energy Efficient Low Horsepower AC Motors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Energy Efficient Low Horsepower AC Motors Market Size Forecast by Type
9.6.1 Synchronous
9.6.2 Asynchronous
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Energy Efficient Low Horsepower AC Motors Market Size Forecast by Applications
9.10.1 Consumer
9.10.2 Industrial
9.10.3 Refrigeration
9.10.4 Medica
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Energy Efficient Low Horsepower AC Motors Analysis and Forecast
10.1 Introduction
10.2 Europe Energy Efficient Low Horsepower AC Motors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Energy Efficient Low Horsepower AC Motors Market Size Forecast by Type
10.6.1 Synchronous
10.6.2 Asynchronous
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Energy Efficient Low Horsepower AC Motors Market Size Forecast by Applications
10.10.1 Consumer
10.10.2 Industrial
10.10.3 Refrigeration
10.10.4 Medica
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Energy Efficient Low Horsepower AC Motors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Energy Efficient Low Horsepower AC Motors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Energy Efficient Low Horsepower AC Motors Market Size Forecast by Type
11.6.1 Synchronous
11.6.2 Asynchronous
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Energy Efficient Low Horsepower AC Motors Market Size Forecast by Applications
11.10.1 Consumer
11.10.2 Industrial
11.10.3 Refrigeration
11.10.4 Medica
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Energy Efficient Low Horsepower AC Motors Analysis and Forecast
12.1 Introduction
12.2 Latin America Energy Efficient Low Horsepower AC Motors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Energy Efficient Low Horsepower AC Motors Market Size Forecast by Type
12.6.1 Synchronous
12.6.2 Asynchronous
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Energy Efficient Low Horsepower AC Motors Market Size Forecast by Applications
12.10.1 Consumer
12.10.2 Industrial
12.10.3 Refrigeration
12.10.4 Medica
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Energy Efficient Low Horsepower AC Motors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Energy Efficient Low Horsepower AC Motors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Energy Efficient Low Horsepower AC Motors Market Size Forecast by Type
13.6.1 Synchronous
13.6.2 Asynchronous
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Energy Efficient Low Horsepower AC Motors Market Size Forecast by Applications
13.10.1 Consumer
13.10.2 Industrial
13.10.3 Refrigeration
13.10.4 Medica
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Energy Efficient Low Horsepower AC Motors Market: Competitive Dashboard
14.2 Global Energy Efficient Low Horsepower AC Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Regal Beloit
14.3.2 ABB
14.3.3 Siemens
14.3.4 Crompton Greaves
14.3.5 iTouchless
14.3.6 Honeywell International
14.3.7 Power Efficiency Corporation
14.3.8 Bosch Rexroth
14.3.9 General Electric
14.3.10 Simplehuman
14.3.11 WEG